2020-08-31-accounts

CONTENTS
Governors' Report
Report ofthe Independent		Auditors
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial	Statements

				Unrestricted	Unrestricted	Funds	Restricted	Restricted
			Notes	General	Desicenated		Funds		Total	Total
				2020		2020	2020		2020	2019
						E			f'
INCOIIE
Income from charitable		activities
Fee income				4,338,027		(94,768)	(8,756)		4,234,503	4,456,217
Other income			3	359,048		-	11,708		370,756	345,273
Income from generated		funds
Investment income				8,155					8, 'I 55	10,497
Total income				4,705,230	~94,768)		2,952		4,613,414	4,811,987
EXPENDITURE
Cost ofgenerating	funds
Fundraising and publicity			4	55,912					55,912	48,881
Charitable activities
Direct charitable expenditure			5	4,048,804					4,048,804	4,139,683
Support and governance		costs	6	478,336					478,336	425 082
Total expenditure				4,583,052					4,583,052	4,613,646
Net income before	transfers
Transfers between	funds			122,178	~94,768)		2,952		30,362	198,341
Transfers between	funds			(94,768)		94,768
Net income before	other	recognised
gains and losses				27,410			2,952		30,362	198,341
Loss on revaluation	offixed assets
for Charity's own use
Net movement in funds				27,410			2,952		30,362	198,341
Total funds brought	forward
at 1 September 2019				4,421,739	3,201,011		4,584		7,627,334	7,428,993
Total funds carried	forward
at 31August 2020				E4,449,149 E3,201,011			E7,536	E7,657,696 E7,627,334

				Notes	2020	2019
					E	E
Fixed assets
Tangible Assets					6,141,270	6,161,585
Current assets
Stocks					5,763	9,996
Debtors				10	10,040	14,567
Prepayments				10	15,575	50,070
Cash at Bank and	In Hand				2,444,400	2 554, 581
					2,475,778	2,629,214
Creditors:
Amounts falling due		within	one year		~650,107)	~758,951)
Net current assets:					1,825,671	1,870,263
Total assets less current			liabilities		7,966,941	8,031,848
Creditors: Amounts		falling	due after more than one year		(137,300)	(138,500)
Accruals and deferred income					~171,945)	~266,014)
					E7,657,696	57627,334
Unrestricted funds
Designated Funds					3,201,011	3,201,011
General Funds					3,159,840	3,132,430
Revaluation Reserve					1,289,309	1,289,309
					7,650,160	7,622,750
Restricted funds				13	7,536	4,584
Total charity funds				13	F7,657,696	f7,627,334

				2020		2019
Cash used in operating	activities			81,794		541,154
Cash flows from investing activities
Interest income				8,155		10,497
Purchase of tangible fixed	assets			~200, 130)		~453,347)
Cash provided by (used	in)
investing activities				)191,975)		~442,650)
Cash flows from finance	activities
(Decrease)/Increase in cash and cash
equivalents in the year				(110,181)		98,304
Cash and cash equivalents	at
the beginning ofthe year				2,554,581		2,456,277
Total cash and cash equivalents
at the end ofthe year				E2,444,400		22,554,581
1. RECONCILIATION	OF NET MOVEMENT			IN FUNDS TO NET CASH	FLOW FROM	OPERATING
ACTIVITIES
					2020	2019
					F	F
Net movement in funds					30,362	198,341
Add back depreciation		charges			223,301	205,547
Loss on disposal offixed assets
Deduct interest income		shown
in investing activities					(8,155)	(10,497)
(Increase)/Decrease	in	stock			4,233	(1,156)
Decrease/(Increase)	in	debtors			39,022	50,106
(Decrease)/Increase	in	creditors			~206,969)	98,813
Net cash used in operating			activities		F81,794	541,154

							2020		2019
Transport	Fees						132,771		173,509
Miscellaneous Income							237,985		171,764
							F370,756		F345,273
4. FUNDRAISING		AND	PUBLICITY
							2020		2019
							F		F
Marketing	Costs						55,912		48,881
							F55,912		848,881
5. DIRECT CHARITABLE EXPENDITURE
					Staff	Loss on Dis osal	Other	Total	Total
					Costs	of Fixed Assets	Costs	2020 2019
					E		E	E
Teaching	Salaries and Costs			2,698,009		97,621	264,197 3,059,829		3,018,275
Estate Salaries		and Costs			134,765	124,028	268,466	527,259	594,860
Transport	Costs						184,227	184,227	246,233
Catering	Salaries and		Costs		46,539	1,382	143,592	191,513	200,310
Utilities Costs							85,976	85,976	80,005
				E2,879,313		F223,031	6946,460 E4,048,804		E4,139,683
. SUPPORT	AND GOVERNANCE			COSTS
							2020		2019
							F
Support Costs:
Salaries and Office Costs							405,536		374,189
Finance							14,289		8,081
Governance	Costs:
Legal and Professional			Fees				41,891		24,292
Audit and Accountancy			Fees				16,620		18,520
							2478,336		F425,082
							2020		2019
Total Staff	Costs	Comprised:
Wages and	Salaries						2,470,748	2,408,906
Social Security Costs							245,183		241,442
Pension Costs							465,503		339,364
							E3,181,434	F2,989,712

The average	number	number	ofemployees,	ofemployees,	ofemployees,	ofemployees,	analysed	by	function,	was:
															2020		2019
Teaching																53	50
Estate																4	4
Management		and	Administration				of Charity									7	7
Catering																3
																67	61
7. OPERATING SURPLUS
The operating		surplus		is	stated	after charging:
														2020			2019
														F			E
Depreciation ofTangible					Fixed	Assets and		loss on disposal of fixed assets						223,031		205,547
Coach Hire														184,227		246,233
Auditors' —Remuneration														6,000			5,650
—Accountancy														10,020			12,870
8. TAXATION
Due to the	nature ofthe charity's						activities there is no corporation				tax	liability		arising	on	the charity's	surplus	for
the year.
, TANGIBLE	FIXEDASSETS
											Fixtures			IT
											Fittings		8	Equipment
					Freehold				Freehold		Other			8 Software
					Land				B~ildinqs		EttEui	ment					Totals
																	E
COST/VALUATION
At 1 September		2019				1,925,000			3,963,911		441,599				344,571		6,675,081
Additions									99,488			11,022			92,206		202,716
					1,925,000				4,063,399		452,261				436,777		6,877,797
DEPRECIATION
At 1 September		2019							115,502		220,683				177,311		513,496
Charge for Year									120,034		44,210				58,787		223,031
									235,536		264,893				236,098		736,527
NET BOOK	VALUES
At 31 August	2020				1,925,000				3,827,863		187,728				200,679		6,141,270
At 31 August	2019				1,925,000				3,848,409		220,916				167,260		6,161,585

DEBTORS
			2020	2019
			E
Due within one year:
Fees Receivable			10,040	14,567
Prepayments	and Accrued	Income	15,575	50 070
			225,615	664,637

			225,615	664,637
There were no amounts		falling due after more than one year.
CREDITORS
Amounts falling due within one year
			2020	2019
			E	E
Fees in Advance			535,324	655,255
Social Security and Pension Costs			114,783	103,696
			650,107	758,951
Other Creditors	and Accruals		171,945	266,014
			f822,052	E1,024,965
Amounts falling due after one year:-
Other creditors			F137,300	F138,500

nine Governors w	ho are li	m	ited to E1 liability e	ach.
13. STATEMENT OF	FUNDS				Outgoing
			Balance at	Incoming	Resources		Balance at
		1	Se tember 2019	Resources	~ioc losses
General Funds
Unrestricted Fund			3,132,430	4,705,230	(4,583,052)	(94,768)	3,159,840
Revaluation Reserve			1,289,309				1,289,309
Designated Funds
Bursaries and Scholarships			98,000	(94,768)		94,768	98,000
Miscellaneous			3,011				3,011
Capital Equipment
Replacement Fund			100,000				100,000
Development Fund			3,000,000				3,000,000
Total Unrestricted	Funds		7,622,750	4,610,462	(4,583,052)		7,650,160
Restricted Funds
Covid 19Hardship	Fund			11,708	(8,756)		2,952
Miscellaneous			4,584				4,584
Total Restricted Funds			4,584	11,708	~8,758		7,536
Total Funds			E7,627,334	F4,622,170	E4,591,808		F7,657,696